Firm / Organisation

Selendy & Gay PLLC

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This content is provided by Selendy & Gay PLLC.

Managing Partners: Jennifer Selendy and David Elsberg
Number of partners: 12
Number of lawyers: 45

Firm Overview:
Selendy & Gay’s practice is dedicated to excellence in litigation and investigations. Our partners and associates comprise the most accomplished, lauded and creative lawyers in the profession. By re-thinking law firm structure, operations and culture, we serve our clients with focus and efficiency – learning their businesses and advising them proactively to be ready if crisis strikes. It also means bringing a strongly led, tightly-coordinated combination of talent and resources to each of our client’s priorities. Through critical thinking and collaboration, we offer an unmatched plaintiffs’ practice combined with a premier defense practice.

Our partners have earned industry-leading reputations by winning trials of the highest stakes in nearly every type of complex commercial litigation, arbitration and investigation. As plaintiffs’ counsel, we have pioneered claims, and even practice areas, that recovered over $45 billion for clients while holding institutional giants accountable. As defense counsel, we have won bet-the-company cases that threatened the existence of our clients’ businesses and business models, vindicated individuals in aggressive white-collar prosecutions, and counseled clients successfully in fast-moving investigations. Because of our extensive experience, we excel at anticipating legal maneuvers and staying several moves ahead.

Central to our success is our willingness to take cases to trial, if necessary. We have tried dozens of cases to verdict in state and federal courts across the nation and arbitrated many cases through to award, often stepping in at the last minute to handle distressed cases at trial or on appeal. Our experience brings our clients better courtroom results and also better settlements because our adversaries have no doubt of the courtroom threat we pose.

Main Areas of Practice:
12 Partners
• Representing the Federal Housing Finance Agency, as conservator for Fannie Mae and Freddie Mac, in obtaining from the Second Circuit a unanimous affirmance of an $806 million judgment against Nomura and RBS in a landmark residential mortgage-backed securities litigation.
• Representing Manhattan District Attorney Cyrus R. Vance, Jr. in a matter before the U.S. Supreme Court concerning whether the Constitution provides a President with immunity from criminal investigation for private, unofficial conduct.
Contact: Caitlin Halligan
Tel: 212-390-9013
Email: [email protected]

Bankruptcy & Insolvency:
12 Partners
• Representing a worldwide management consulting firm against claims by Jay Alix, founder of consulting firm AlixPartners, challenging Chapter 11 disclosures under Rule 2014 in bankruptcy courts in the Southern District of New York, the Southern District of Texas, the Eastern District of Virginia, and the District of Delaware.
• Representing foreign representatives of several funds in liquidation abroad in Chapter 15 proceedings in Bankruptcy Court for the Southern District of New York, and before the U.S. District Court on appeal, asserting foreign avoidance, common law, and breach of contract claims, seeking to recover about $6 billion dollars in redemption payments from hundreds of entities arising out of the Madoff scheme.
Contact: David Elsberg
Tel: 212-390-9004
Email: [email protected]

Complex Commercial Disputes:
12 Partners
• Representing a web portal and online service provider, defending two separate putative class action lawsuits seeking statutory damages in excess of $650 million under the Electronic Communications Privacy Act relating to a data breach that was referred to at the time as the “Exxon Valdez” of data breaches.
• Representing crypto-asset investors in 12 class actions in the Southern District of New York against four of the world’s major crypto-asset exchanges and seven digital token issuers who allegedly offered and sold billions of dollars of unregistered digital tokens and other financial instruments to investors in violation of federal and state securities laws.
Contact: Faith Gay
Tel: 212-390-9001
Email: [email protected]
Jennifer Selendy
Tel: 212-390-9003
Email: [email protected]

Securities & Structured Finance:
12 Partners
• Representing U.S. Bank, as trustee, in an RMBS putback action against UBS Real Estate Securities, for losses suffered by three UBS-sponsored RMBS trusts. The case was the first RMBS trustee putback action to go to trial, and the settlement—an unprecedented $850 million recovery—constitutes the largest recovery ever achieved in such a case.
• Representing a financial services holding company as plaintiff in an action seeking recovery of more than $2 billion in damages from Countrywide Financial (and its parent, Bank of America) for misconduct that played a substantial role in causing the global financial crisis of 2008.
Contact: Philippe Selendy
Tel: 212-390-9002
Email: [email protected] 

Practice Areas:
Bankruptcy & Insolvency
Class Actions
Complex Commercial Disputes
Consumer Healthcare Products
Corporate Governance & Shareholder Rights
Environmental Litigation
Executive Crisis Management & Employment Disputes
Non-Profits & Not-for-Profits
Private Equity & Hedge Funds
Public Interest & Pro Bono
Securities & Structured Finance
White-Collar Litigation & Investigations